NRI Property Investment in Punjab

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NRI Property Investment in Punjab

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Frequently Asked

Questions About NRI property investment in Punjab

What documents does an NRI need to buy property in Punjab?+

NRIs need: valid passport, PAN card (or application), OCI card (if applicable), NRE/NRO account details, and overseas address proof. For registered property, a Power of Attorney can be used if the NRI cannot be present.

How does rental income work for NRI property owners in India?+

Rental income from Indian property is taxable in India. NRIs can repatriate the net income (after 30% TDS) to their foreign accounts from their NRO account, subject to RBI limits.

Is Mohali or Aerotropolis better for NRI investment?+

Mohali offers established infrastructure and immediate rental income potential. Aerotropolis offers higher appreciation potential for a longer investment horizon (5-10 years). Fidus Realty recommends a mix based on goals.